TSLA - Coca Cola Pepsi Get On Investor Radars Thanks To Weight Loss Drug Ozempic — Levi Rivian And Tesla Trending As Well Today | Benzinga
U.S. stocks experienced a slight downturn towards the end of trading, with the Dow Jones falling around 10 points. The Dow descended by 0.03% to 33,119.57, while the NASDAQ and the S&P 500 both fell by 0.1% and, landed at 13,219.83 and 4,258.19 respectively.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
The Coca-Cola Company (NYSE:KO) saw a decline of 4.83%, closing at $52.38 after a turbulent day with highs of $54.95 and lows touching $52.24. The beverage giant’s stock was impacted by Walmart’s revelation of decreased shopping demand, attributed to the rise of appetite-suppressing medications like Ozempic and Wegovy. This, coupled with the recent strength in Treasury yields, exerted pressure on Coca-Cola's stock.
PepsiCo, Inc. (NASDAQ:PEP) closed at $160.1, a 5.22% drop, with an intraday high of $168.81 and a low of $159.87. Similar to Coca-Cola, PepsiCo’s stock was affected by Walmart’s report of decreased shopping demand and the allure of rising Treasury ...